Germany allocates €200 mln to Georgia for mobility, energy, infrastructure and biodiversity projects
German Ambassador to Georgia Hubert Knirsch signing the loan agreement in Tbilisi. Photo: Ministry of Finance.
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Germany will allocate a €170 million loan and a €28.5 million grant to Georgia as part of an agreement signed today between the governments of Georgia and the Federal Republic of Germany.
In total Germany will allocate €200 million to Georgia which will be spent on the following projects:
- Sustainable Urban Mobility in Georgia - €102 million
- Open Programme Energy Efficiency in Georgia - €43.2 million
- Utility Infrastructure For Environment and Tourism - €30 million
- Biodiversity and Sustainable Local Development - Georgia - €18.5 million
- Energy Efficiency Measures and Approximation of EU Energy Efficiency Standards in Buildings - Phase II - €1.8 million
To date, within the financial and technical cooperation with Germany, more than €1 billion in funding in the form of grants, technical assistance and soft loans have been allocated for Georgia.
The German government is allocating €161.7 million to support Georgian investment projects in infrastructural development, energy, municipal development, environmental protection, vocation education and other areas, the Georgian Ministry of Finance reports.
Georgian Finance Minister Ivane Matchavariani has signed a €60 million loan with German Development Bank (KfW) to develop water infrastructure in Batumi and a €120 million loan in total from KfW and French Development Bank (AFD) to develop the country’s energy sector.
The German Development Bank (KfW) will help the government of Georgia to implement energy reforms, announces the Ministry of Economy of Georgia.
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German KfW and French AFD sign have signed €74 million in loan agreements to support energy sector reform in Georgia, announces the Delegation of the European Union to Georgia.
Germany is giving Georgia €310 million in aid to help the country fight COVID-19 as well as to implement different regional projects, announces the Ministry of Finance of Georgia.
German state development bank KfW will help Georgia implement a 'Biodiversity and Sustainable Local Development - Georgia' project with a new grant of €24 million, announces the Ministry of Finance of Georgia.
German Ambassador Hubert Knirsch and Georgian Finance Minister Lasha Khutsishvili have signed a sustainable local development agreement on a grant of €5.24 million. The agreement, signed earlier today, will enable a biodiversity conservation project worth around €24 million.
Germany has given a €3mln grant to Georgia for the support of vulnerable families in the country affected by the COVID-19 pandemic. A grant agreement was signed on November 30 between Georgian Finance Minister Lasha Khutsishvili and the German Development Bank’s (KfW) South Caucasus Office Director Birgit Holderied-Kress.